Fig. 1: MLK Gold Ltd Pres & CEO examining thin pegmatite morphology<\/figcaption><\/figure>\nThe company\u2019s second lithium property is located approximately 30km north of the town of Burgeo and approximately 7km east of the Burgeo highway. The development of pegmatite dikes appears to increase or decrease depending on the intrusive phases.<\/p>\n
MLK discovered beryl in a swarm of thin (<1m), coarse-grained pegmatites composed of both potassium and sodium feldspar, beryl, and tourmaline hosted in a fine grained, biotite-rich monzogranite. This pegmatite swarm is located further south and adjacent to the Burgeo Highway.\u00a0 The regional background geochemistry of plutonic rocks from across the province show strongly anomalous lithium values at the 360 Lithium property and may reflect a source enrichment capable of producing economic, spodumene-bearing pegmatite dikes.<\/p>\n
In addition to pegmatites, there are numerous en echelon and banded quartz-tourmaline veins that have never been assayed. The project work plan is to complete Phase I exploration of these properties during Q2-Q3, 2023, with follow-up diamond drilling.<\/p>\n
The southwesterly lithium asset is located approximately 30km north of Burgeo, 6km east of Highway 480 (Burgeo Highway) and 10km east of the Hydra caesium discovery by Sokoman-Benton Alliance. The company plans to target the marginal zone of the Burgeo intrusive suite where it believes potential for lithium-bearing pegmatites is enhanced.<\/p>\n
Gold and precious metals<\/h3>\n MLK Gold Ltd\u2019s flagship gold asset is the Caledonia Brook gold property, located approximately 20km south of Grand Falls \u2013 Windsor, and which lies approximately midway between Marathon Gold\u2019s (Measured & Indicated: 3.96 Moz. from 64.62 Mt at 1.90 g\/t Au and Inferred: 1.10 Moz. from 20.75 Mt at 1.65 g\/t Au) Valentine Lake gold deposit that is now undergoing development to the south, and the high-grade Moosehead gold prospect of Sokoman Minerals to the north and closer to Grand Falls \u2013 Windsor.\u00a0 The Caledonia Brook property is underlain by the Crippleback Lake Intrusive Suite in the south of the property and mixed turbiditic metasediments and felsic and mafic volcanics. The Crippleback Lake Intrusive suite shares the identical intrusive age as the Valentine Lake deposit and lies along the same northeast-trending structural fault system.<\/p>\n
The company has completed soil, glacial till, and rock geochemistry over much of the property. A helicopter borne VTEM survey was flown over the northern part of the property, which shows significant detail to previous information. Soil anomalies up to 192 ppb, rocks up to 8.9 g\/t Au, till up to 17 visible grains of gold, and till geochemistry up to 500 ppb Au.<\/p>\n
MLK Gold Ltd is currently planning a 1,500m diamond drill programme.<\/p>\n
Please note, this article will also appear in the thirteenth edition of our\u00a0quarterly publication<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"MLK Gold Ltd is actively exploring for gold and lithium at major project sites in central and southern Newfoundland, Canada.<\/p>\n","protected":false},"author":22,"featured_media":29986,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[24502],"tags":[529,24335,24206,24477],"acf":[],"yoast_head":"\n
Major progress on gold and lithium sites in Newfoundland<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n